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Janet Yellen
HFNY
Member Posts: 5,117 
in Tug Tavern
I disagree with this writer in that inflation actually started in the late 60's as the Phillips Curve ideology (essentially trading higher inflation for lower unemployment) took root in the early 60's (Fed Funds rate was just 1.17% in July of 1961) and started running hot by late 1968 (coincidentally when "Guns and Butter" via Medicare / Medicaid, the "War On Poverty", and the Vietnam War were all off and running).
Overall, it's a good piece and continues to bear watching:
marketwatch.com/story/lets-hope-yellen-can-avoid-the-great-inflation-of-the-2010s-2014-08-28?page=1
Overall, it's a good piece and continues to bear watching:
marketwatch.com/story/lets-hope-yellen-can-avoid-the-great-inflation-of-the-2010s-2014-08-28?page=1
Comments
HTH.